Plus: it doesn’t make sense to fight market dynamics. With a high yield it is as if the “Hive Bank” (lol) tells people “yeah go ahead sell your HIVE, we want you to hold HBD, here is the financial incentive for it”
If the financial incentive is to not take risk, because the fixed income has such a high yield, then the market dynamic that is out here is bearish for HIVE. If the dynamic is already bearish in general for all cryptos, may someone have mercy on HIVE adopting a bear-feeding monetary policy as other coins show bearish signs.
Yield is the single most important tool banks and countries use to change financial incentives and market dynamics and we shouldn’t ignore.
Our yield was high when countries and entities were raising interest rates, it is high now as they are lowering. It is as if we refuse to change our monetary policy as the world around changes theirs.